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RAI CEO: 'Returning Value in a Challenging Time'
Date:4/30/2008
h
could adversely impact inventory valuations;
-- the effect of market conditions on foreign currency exchange rate risk,
interest rate risk and the return on corporate cash;
-- declining liquidity in the financial markets;
-- the impairment of goodwill and other intangible assets, including
trademarks;
-- the effect of market conditions on the performance of pension assets or
any adverse effects of any new legislation or regulations changing
pension expense accounting or required pension funding levels;
-- the substantial amount of RAI debt;
-- the rating of RAI's securities;
-- any restrictive covenants imposed under RAI's debt agreements;
-- the possibility of fire, violent weather and other disasters that may
adversely affect manufacturing and other facilities;
-- the significant ownership interest of B&W, RAI's largest shareholder,
in RAI and the rights of B&W under the governance agreement;
-- the expiration of the standstill provisions of the governance
agreement; and
-- the potential existence of significant deficiencies or material
weaknesses in internal control over financial reporting that may be
identified during the performance of testing required under Section 404
of the Sarbanes-Oxley Act of 2002.
Due to these uncertainties and risks, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Except as provided by federal securities laws, RAI is not required to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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